topic Re: NFCU cashrewards CLI in Credit Card Approvals

NFCU cashrewards CLI

Anonymous — Fri, 17 Feb 2017 18:59:44 GMT

Hello all! Based on all of the good info I read on myfico I went ahead and opened a NFCU acount and applied for a credit card. I was approved for the cash rewards card for $2900 (not bad, my highest credit card limit is $9000 -CSP). Do they factor in whether or not I use the card when granting CLIs? I plan to apply for one in a few months and I'm wondering whether or not I'll need to keep this card in heavy rotation. Thanks.

Re: NFCU cashrewards CLI

washpadude — Fri, 17 Feb 2017 19:09:46 GMT

My card went from 1k to 12.5k in three months. I put $50 to $100 per month on it.

Re: NFCU cashrewards CLI

Anonymous — Fri, 17 Feb 2017 19:13:45 GMT

@washpadude wrote:
My card went from 1k to 12.5k in three months. I put $50 to $100 per month on it.

Thanks for the info. Was that an auto cli or did you request one after 3 months?

Re: NFCU cashrewards CLI

Aduke1122 — Fri, 17 Feb 2017 20:04:01 GMT

You need to wait 3 statements and atleast 90 days bf you request a CLI , if you want chances of a SP instead of a HP then wait 3 statements 90+ days and a new AR . If you try bf those guidelines it will most certainly be denied for account too new . Also usage doesn't matter to them I've have seen ppl with heavy usage get cli and ppl with hardly no usage get a CLI also . Congrats on the new approval

Re: NFCU cashrewards CLI

MauiMan85297 — Fri, 17 Feb 2017 20:59:35 GMT

@Aduke1122 wrote:
You need to wait 3 statements and atleast 90 days bf you request a CLI , if you want chances of a SP instead of a HP then wait 3 statements 90+ days and a new AR . If you try bf those guidelines it will most certainly be denied for account too new . Also usage doesn't matter to them I've have seen ppl with heavy usage get cli and ppl with hardly no usage get a CLI also . Congrats on the new approval

If the AR comes in March like posters say it should and my 3rd cut statement isn't until end of March and 90 days is April 4th then would that AR be good for me or would I have to wait for a fresh AR?

Re: NFCU cashrewards CLI

Aduke1122 — Fri, 17 Feb 2017 21:08:30 GMT

I would say to be on the safe side wait for the newest AR after your 3 statements and 90 days which would be May 1st

Re: NFCU cashrewards CLI

MauiMan85297 — Fri, 17 Feb 2017 21:11:24 GMT

@Aduke1122 wrote:
I would say to be on the safe side wait for the newest AR after your 3 statements and 90 days which would be May 1st

They do an AR every 2 months? (seems excessive)

Re: NFCU cashrewards CLI

Aduke1122 — Fri, 17 Feb 2017 21:13:40 GMT

Yes every 60 days , it will occur on the first week of the Odd number mths

Re: NFCU cashrewards CLI

washpadude — Sun, 19 Feb 2017 15:33:16 GMT

@Anonymous wrote:
@washpadude wrote:
My card went from 1k to 12.5k in three months. I put $50 to $100 per month on it.
Thanks for the info. Was that an auto cli or did you request one after 3 months?

It was my second request. I waited 3 months and 90 days and was denied. Waited a couple more weeks to the next AR and went from 1k to 12.5k. Patience pays off with NFCU.

Re: NFCU cashrewards CLI

Anonymous — Sun, 19 Feb 2017 16:06:59 GMT

My 90 days/3rd statement occured on Jan 19th. I tried for a CLI and it immediately went for review. I called and cancelled it because I didn't want a HP. Eventually I decided I could live with the HP to get a significant CLI so I tried again on Jan 27th. This time it was an immediate CLI. So not sure what the difference was since I was even futher past the Jan account review. I went from $3700-$14000 so that would have been worth a HP to me.

If you don't care if its a HP, I think you would get an increase. If you are considered about HP, you can try and quickly call them if it goes to review.